NQ Mobile Inc. Appoints Mr. Roland Wu as Chief Financial Officer
BEIJING and DALLAS, June 1, 2015 /PRNewswire/ -- NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ), a leading global provider of mobile Internet services, today announced the appointment of Mr. Roland Wu as its chief financial officer in addition to his role as director, effective as of June 1, 2015. With Mr. Wu's appointment, Dr. Vincent Wenyong Shi will step down from his role as the acting chief financial officer and focus on his responsibilities as the Company's chairman of the board of directors and chief operating officer.
In the meantime, Mr. Roland Wu will remain as a director, but resigned from his position as a member of the compensation committee of the Company's board of directors, and as a replacement, the board of directors elected Mr. William Li, an independent director of the Company, as a new member to the compensation committee, both effective as of June 1, 2015.
"We are happy to announce Mr. Roland Wu's appointment," said Dr. Vincent Wenyong Shi, the Chairman of NQ Mobile. "Roland brings experience and knowledge to help our Company enhance our financial reporting and internal controls, execute growth plans and deliver value for shareholders over time. We are excited about the future and look forward to his excellent service as our chief financial officer."
"I am pleased with the organization and the execution of our entire management team right now," said Mr. Zemin Xu, the CEO of NQ Mobile. "We welcome Roland to the management team and we know he will add to our overall performance as we strive to deliver results and achieve our plans for the future."
Mr. Roland Wu, a Chartered Financial Analyst charterholder, has extensive experience and in-depth capital markets knowledge, having served in the financial industry over the last fifteen years. He has served as Executive Director of Winshine Entertainment & Media Holding Company Limited since 2014. Additionally, Mr. Wu served as a portfolio manager at Haitong International Asset Management Company from 2009 to 2013 and as an investment analyst at Baoying Fund Management Co., Ltd. from 2006 to 2009. Mr. Wu obtained his masters degree in business administration from Nankai University and a bachelor degree in Computer Science from Beijing Jiaotong University.
"I am honored to join the NQ Mobile team," said Mr. Roland Wu, the chief financial officer of NQ Mobile. "I am confident in the Company's future and I look forward to working with the entire organization to help accomplish the Company's growth targets."